Jan 11 2018

Rupee off lows on exporters Dollar sales

Financial Market Overview

11th January, 2018

Noon Update:-                                                                                  



  • Indian rupee came off the day’s low against the dollar in afternoon trade, as state-run banks stepped up greenback sales likely on behalf of exporters, limiting earlier losses from higher global crude oil prices.
  • The rupee was last seen at 63.70 to a dollar, against 63.59 at close yesterday. It fell to an intra-day low of 63.8175, before paring some losses. Most Asian currencies were trading higher against the dollar.

Indian Equities:-

  • Benchmark indices extended gains after consolidation, with the Nifty hitting fresh record high.
  • The 30-share BSE Sensex was up 78.21 points at 34,511.45 and the 50-share NSE Nifty gained 16.20 points at 10,648.30.

Global Markets:-

  • European markets are mixed today. The FTSE 100 is up 0.10% while the CAC 40 gains 0.04%. The DAX is off 0.05%.
  • Asian markets finished mixed as of the most recent closing prices. The Hang Seng gained 0.15% and the Shanghai Composite rose 0.10%. The Nikkei 225 lost 0.33%.
  • The dollar index, which measures the greenback against a basket of six major rivals, was trading up 0.15%, after China’s forex regulator said the report that nation could slow or halt buying U.S. Treasuries was “fake”, adding that the nation’s investment in U.S. treasuries is market-driven and China has been diversifying its forex reserves investments.